The National Board of Revenue (NBR) has decided to reduce the VAT rate for hotels and restaurants from 15% to 5%. This decision, confirmed by NBR Member Mohammad Belal Hossain Chowdhury, will be officially announced today. The NBR’s move follows a review of the Bangladesh Restaurant Owners Association’s appeal. Earlier, the VAT on restaurants had been raised to 15% from 5% on January 9, alongside VAT hikes on over 100 goods and services.